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Sensex, Nifty Drift Lower As Investors Eye Fed Meet
Indian shares slipped into the red in cautious trade on Wednesday ahead of a Federal Reserve meeting later in the day that's expected to deliver a hefty interest-rate hike to fight inflation.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the mostly negative cues overnight from global markets, with investors largely making cautious moves ahead of the U.S. interest rate decision later in the day. The Fed is expected to hike interest rates by 50 basis points, although forecasts are suggesting a 75-bp increase. Asian Markets closed mostly lower on Tuesday.
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Sensex, Nifty Seen Opening Flat As Investors Await Fed Decision
Indian shares are seen opening little changed on Wednesday as investors await the Fed's interest-rate decision later in the day and the messaging around future guidance on rates for directional cues.
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Thai Stock Market May Spin Its Wheels On Wednesday
The Thai stock market on Tuesday ended the two-day slide in which it had slumped more than 40 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,600-point plateau although it may be stuck in neutral on Wednesday.
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Japanese Market Modestly Lower
The Japanese stock market is modestly lower on Wednesday, extending the losses in the previous two sessions, with the Nikkei 225 falling below the 26,500 level, following the mostly negative cues overnight from global markets and as traders are cautious ahead of the U.S. interest rate decision later today. The Fed is expected to hike interest rates by 50 basis points.
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Soft Start Seen For Indonesia Stock Market
The Indonesia stock market on Tuesday snapped the three-day slide in which it had retreated almost 200 points or 2.9 percent. The Jakarta Composite Index now rests just beneath the 7,050-point plateau although it may head south again on Wednesday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 6,600 level, following the mostly negative cues overnight from global markets, with materials, energy and technology stocks leading the losses. Traders remain cautious ahead of the U.S. interest rate decision later today.
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Little Movement Expected For Hong Kong Stock Market
The Hong Kong stock market on Tuesday barely halted the three-day losing streak in which it had stumbled almost 950 points or 4.3 percent. The Hang Seng Index now rests just above the 21,065-point plateau and it's looking at a flat lead for Wednesday's trade.
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China Bourse Expected To Remain Rangebound
The China stock market has alternated between positive and negative finishes since the end of the four-day winning streak in which it had gathered more than 80 points or 2.6 percent. The Shanghai Composite Index now sits just beneath the 3,290-point although it may turn lower again on Wednesday.
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Mild Upside Tipped For Taiwan Stock Market
The Taiwan stock market has moved lower in four straight sessions, slumping more than 625 points or 3.9 percent along the way. The Taiwan stock Exchange now rests just beneath the 16,050-point plateau although it may stop the bleeding on Wednesday.
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Japan Core Machine Orders Surge 10.8% In April
The value of core machine orders in Japan spiked a seasonally adjusted 10.8 percent on month in April, the Cabinet Office said on Wednesday - coming in at 963.0 billion yen.
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Singapore Stock Market May See Support At 3,100 Points
The Singapore stock market has finished lower in five straight sessions, sinking more than 120 points or 4 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although it may find traction on Wednesday.
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Little Movement Seen For Malaysia Stock Market
The Malaysia stock market on Tuesday finally halted the losing streak that had stretched to eight sessions and lost more than 100 points or 6.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,480-point plateau and it's looking at a steady start on Wednesday.
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